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Eat Beyond Adds Plant Power to Its Portfolio and Extends Marketing Agreement
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is making an investment in, and adding Plant Power Restaurant Group, LLC ("Plant Power") to its portfolio.
California-based Plant Power Fast Food is known as an innovator in the Quick Service Restaurant ("QSR") field with its 100% plant-based offerings and biodegradable packaging. Plant Power features a menu that ranges from burgers, fries, shakes and 'chicken' tenders - to wraps, salads, juices, raw items and...
Eat Beyond Adds Zoglo's Incredible Food to Its Portfolio
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has completed an investment in Zoglo's Incredible Food Corp. ("Zoglo's"), by joining its recent seed round. Zoglo's has plans to become publicly traded via reverse take over in the coming months. At the present time, Eat Beyond anticipates further increasing its interest in Zoglo's by participating in its next financing - the "go public" round.
Zoglo's has been a leading company offering kosher, plant-based products for over 25 years and is now ready to enter the mainstream market. It has a product selection of over...
Olymel Announces Investment to Increase Production Capacity at Ange-Gardien Pork Processing Plant
Olymel management today announced an investment of $9 million to set up a second shift at its Ange-Gardien (formerly F.Ménard) hog slaughtering, cutting and deboning plant in Montérégie-Est, Quebec. This investment and the new evening shift will create more than 250 new jobs and should be in operation by next September. The plant, which already employs a total of 680 people, will see that number grow to more than 900, making it one of the largest employers in the region.
“This announcement is in line with Olymel’s development strategy and growth objectives. Olymel is capitalizing on synergies from the January 2020 acquisition of F.Ménard, one of the leaders of the Quebec pork industry. With this investment...
KIND Snacks Founder Daniel Lubetzky Invests in Quevos Following Shark Tank Deal
KIND Snacks Founder Daniel Lubetzky has invested in Quevos, a brand of fun and flavorful snacks whose first ingredient is egg whites. As announced on ABC's Shark Tank, Lubetzky will partner with budding entrepreneurs, Quevos Founders Nick Hamburger and Zack Schreier, to help more people discover their introductory line of high protein, high fiber, low carb snacks in bold flavors including Honey Mustard, Cheddar, Sour Cream & Onion, Sweet Barbecue, Quevos Rancheros, Dill Pickle, and Mesquite BBQ.
Lubetzky's investment is a vote of confidence for both Quevos' snacks and co-founders Hamburger and Schreier, who impressed Lubetzky with their entrepreneurial spirit and life-long friendship turned partnership. Leveraging his experience growing KIND from...
Eat Beyond Adds Above Food to Its Portfolio
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has completed an investment in Above Food Inc.
Above Food develops and distributes premium, whole plant alternatives to meat and dairy by creating nutrient-dense consumer products and branded ingredients. It uses a proprietary blend of plant proteins created from heirloom pulses and gluten free grains. Above Food brings its products to market by...
Rabobank’s Food and Agri Innovation Fund Invests in Chickpea Protein Foodtech Company InnovoPro
InnovoPro, the plant-based ingredients innovator specialising in innovative chickpea proteins, has secured $18m from investors including Rabobank as part of a second funding round.
The Rabo Food & Agri Innovation Fund, part of Rabobank’s investment arm Rabo Corporate Investments, joined InnovoPro's B round funding as the global food ecosystem continues to evolve in response to the COVID-19 pandemic. The deal, which was led by Jerusalem Venture Partners (JVP), Israels leading VC fund and also included in its second closing ICOS Capital, collaborative venture capital firm...
Eat Just and Proterra Asia Partner on JUST Egg Protein Facility and Expansion
Eat Just, Inc. announced a partnership with a consortium led by Proterra Investment Partners Asia Pte. Ltd. (Proterra Asia), an investment management firm focused on the food and agribusiness sectors, to meet demand for the plant-based JUST Egg in Asia.
The consortium will invest up to $100 million and Eat Just will invest up to $20 million to build and operate their first-in-Asia, and largest, plant protein production facility in Singapore. The resulting Eat Just subsidiary, to be known as Eat Just Asia, will serve JUST Egg manufacturing and distribution partners across Asia.
The partnership combines Eat Just’s proprietary protein separation technology, leadership and innovative business model with...
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